News
Ikate two-bedroom apartment prices hit N205 million as off-plan demand grows
1+ hour, 57+ min ago (374+ words) The average selling price of two-bedroom apartments in Ikate rose to N205 million in 2026, more than doubling over five years as strong off-plan demand gathered pace. The disclosure was contained in the Lagos Island Residential Market Report 2026 by Lagos Realty, which…...
Naira holds steady against British pound at N1, 827/1 amid FX stability
2+ day, 50+ min ago (463+ words) The British pound sterling traded at N1, 827/1 against the naira at the start of the midweek session in the Nigerian foreign exchange market, with black market rates fluctuating slightly higher based on local liquidity. The pair recently retreated slightly from tests…...
Stanbic IBTC PMI: Nigeria's private sector expands for fifth consecutive month in June
1+ week, 1+ day ago (392+ words) Nigeria's private sector sustained its growth momentum in June 2026, marking the fifth consecutive month of expansion as stronger customer demand and new product offerings continued to drive business activity. This according to the latest Stanbic IBTC Purchasing Managers' Index (PMI)....
Nigeria's consumer credit falls to N3. 03 trillion as retail loans plunge 42%
1+ week, 2+ day ago (432+ words) Nigeria's consumer credit outstanding fell by N780 billion in February 2026, as elevated lending rates and tighter borrowing conditions weighed on household demand for loans despite easing monetary conditions and stronger banking system liquidity. Data contained in the Central Bank of Nigeria's…...
Aradel and Seplat emerge as Nigeria's oil and gas cash kings, but balance sheets tell a more nuanced story
1+ week, 2+ day ago (522+ words) Nigeria's listed oil sector has become increasingly dominated by two companies, not only in production and assets, but also in liquidity. By the end of the first quarter of 2026, Aradel Holdings Plc and Seplat Energy Plc together held N2. 24 trillion in…...
Top 10 states to buy cheap food in Nigeria
1+ week, 4+ day ago (1051+ words) Adamawa emerged as Nigeria's most affordable state for food in May 2026 after recording the lowest prices for more staple food items than any other state, according to an analysis of the National Bureau of Statistics (NBS) Selected Food Prices report....
Top 10 cheapest states for common food items in May 2026
1+ week, 4+ day ago (1051+ words) Adamawa emerged as Nigeria's most affordable state for food in May 2026 after recording the lowest prices for more staple food items than any other state, according to an analysis of the National Bureau of Statistics (NBS) Selected Food Prices report....
Analysts predict interest rate stability as Nigeria enters election season
1+ week, 4+ day ago (570+ words) Financial analysts have projected that Nigeria's Monetary Policy Committee (MPC) will likely maintain its current interest rate stance as the country moves closer to the 2027 general elections. The views were shared during the latest episode of the Drinks and Mics…...
NBS Data: 10 most affordable states for food items in Nigeria
1+ week, 4+ day ago (1051+ words) Adamawa emerged as Nigeria's most affordable state for food in May 2026 after recording the lowest prices for more staple food items than any other state, according to an analysis of the National Bureau of Statistics (NBS) Selected Food Prices report....
FG's borrowing jumps 75. 6%what it means for the naira and interest rates
1+ week, 5+ day ago (583+ words) Fresh data from the Central Bank of Nigeria (CBN) released this week shows something striking. Credit to the Federal Government jumped to N40. 38 trillion in May 2026, up from N22. 99 trillion in May 2025a massive 75. 6% increase in just one year. Even in one month,…...